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OFFON

THE OLB GROUP, INC.

(OLB)
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OLB Shares Rise 21% After Using SecurePay to Support Sale of NFTs

06/23/2021 | 10:48am EDT

By Chris Wack

OLB Group Inc. shares were up 21% to $6 Wednesday after the company said its SecurePay payment gateway will support the transfer or sale of digital assets using non-fungible token technology.

The company said its NFT technology is built upon the Ethereum platform, which manages token generation and redemption, association with an asset, and transfer of registered ownership.

OLB said the secure NFT process it uses is intended to work seamlessly with the broad range of payment processing options of SecurePay.

SecurePay provides integrated support for major digital wallets including Apple Pay and Google Pay, cryptocurrency wallets, PayPal, and traditional credit cards. NFT functions use smart contracts to assure the simple and seamless exchange of funds and appropriate management of terms and conditions of sale.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

06-23-21 1047ET

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Financials (USD)
Sales 2021 10,2 M - -
Net income 2021 -1,76 M - -
Net Debt 2021 - - -
P/E ratio 2021 -19,5x
Yield 2021 -
Capitalization 38,8 M 38,8 M -
Capi. / Sales 2021 3,82x
EV / Sales 2022
Nbr of Employees 24
Free-Float 40,3%
Chart THE OLB GROUP, INC.
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Technical analysis trends THE OLB GROUP, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 5,46 $
Average target price 11,90 $
Spread / Average Target 118%
EPS Revisions
Managers and Directors
Ronny Yakov Chairman & Chief Executive Officer
Rachel Boulds Chief Financial Officer
George Kastisiaunis Independent Director
Ehud Ernst Independent Director
Amir Sternhell Independent Director
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